Welcome to our dedicated page for Seaboard Corporation news (Ticker: SEB), a resource for investors and traders seeking the latest updates and insights on Seaboard Corporation stock.
Seaboard Corporation (NYSE American symbol: SEB) is a diversified global agribusiness and transportation company with a rich history spanning over 90 years. Rooted in grain and agriculturally derived products, Seaboard has grown through acquisitions, partnerships, and internal expansion. Today, Seaboard stands out in the industries it serves, employing more than 25,000 people globally, and ranking #417 on the 2015 Fortune 500 list with annual net sales of approximately $6.5 billion.
In the United States, Seaboard is primarily engaged in pork production and processing as well as ocean transportation. Internationally, the company is active in commodity merchandising, grain processing, sugar production, and electric power generation. Additionally, Seaboard has a significant investment in Butterball, LLC, a leading U.S. producer of turkey products.
Seaboard's business operations are categorized into six segments:
- Pork: Focused on hog production and pork processing within the U.S.
- Commodity Trading and Milling: Engaged in the trading of commodities and processing of grains primarily in Africa and South America.
- Marine: Offering cargo shipping services across the U.S., Caribbean, and Central and South America.
- Sugar and Alcohol: Operating sugar production and alcohol processing in Argentina.
- Power: Generating electric power in the Dominican Republic.
- Turkey and Others: Involvement in turkey operations through its investment in Butterball, LLC.
Seaboard's recent achievements include significant transactions and financial updates, such as:
- August 1, 2023: Reported earnings for the three- and six-month periods ended July 1, 2023, and declared a quarterly cash dividend.
- October 9, 2023: Announced the repurchase of 189,724 shares of its common stock in a significant financial transaction aimed at enhancing shareholder value.
- February 13, 2024: Filed its Annual Report on Form 10-K and declared a quarterly cash dividend.
For more detailed and updated information, visit Seaboard's investor relations page at Seaboard Corporation Investor Relations.
Seaboard Corporation (SEB) reported its earnings for the year ended December 31, 2022. The company achieved net sales of $11,243 million, up from $9,229 million in 2021. Operating income rose to $657 million compared to $458 million in the previous year. Net earnings attributable to Seaboard reached $580 million, with earnings per share at $499.66. A quarterly cash dividend of $2.25 per share was declared, payable on March 6, 2023. The Annual Report on Form 10-K is accessible on the company’s website.
Seaboard Corporation (NYSE American: SEB) reported its earnings for the three and nine months ended October 1, 2022. Net sales reached $2,895 million for the third quarter, up from $2,276 million in the same period last year. Operating income improved to $155 million, while net earnings attributable to Seaboard rose to $146 million or $125.78 per share. The company declared a quarterly cash dividend of $2.25 per share, payable on November 21, 2022. These results reflect strong revenue growth and operational efficiency.
Seaboard Corporation (NYSE American: SEB) reported its earnings for the three and six months ended July 2, 2022. For the second quarter, the net sales reached $2,973 million, an increase from $2,430 million in the same period last year. Operating income was $192 million, up from $165 million. However, net earnings attributable to Seaboard decreased to $108 million compared to $176 million in 2021. The company's Board declared a quarterly cash dividend of $2.25 per share, payable on August 22, 2022.
Seaboard Corporation (NYSE: SEB) reported its Q1 earnings for 2022, showcasing net sales of $2,709 million, a significant increase from $2,059 million in 2021. Operating income rose to $146 million versus $92 million the previous year. However, net earnings attributable to Seaboard fell to $103 million from $179 million year-over-year, resulting in earnings per share of $89.28, down from $154.03. The Board declared a quarterly dividend of $2.25 per share, payable May 23, 2022.
Seaboard Corporation (NYSE American: SEB) reported significant financial results for the year ending December 31, 2021. Net sales surged to $9,229 million, up from $7,126 million in 2020. Operating income fell to $458 million compared to $245 million the previous year. Net earnings attributable to Seaboard were $570 million, down from $283 million, resulting in earnings per share of $490.36. The Board declared a quarterly cash dividend of $2.25 per share, payable on March 7, 2022. The company filed its Annual Report on Form 10-K with the SEC.
Seaboard Corporation (NYSE American: SEB) reported its financial results for the three and nine months ended October 2, 2021. Net sales reached $2,276 million, a significant increase from $1,645 million in the same period of 2020. Operating income rose to $112 million compared to $39 million in 2020. However, net earnings attributable to Seaboard decreased to $94 million from $154 million year-over-year. Earnings per share were $81.50, down from $132.58. The Board declared a quarterly cash dividend of $2.25 per share, payable on November 22, 2021.
Seaboard Corporation reported a strong performance for the second quarter of 2021, with net sales surging to $2,430 million, up from $1,808 million in 2020. Operating income also saw a substantial increase to $165 million compared to last year's $9 million. The company achieved net earnings attributable to Seaboard of $176 million, a significant recovery from a net loss of $(27) million in the previous year. Earnings per share stood at $151.56, up from $(23.51). Additionally, a quarterly dividend of $2.25 per share was announced, payable on August 23, 2021.
Seaboard Corporation (NYSE: SEB) reported strong earnings for Q1 2021, with net sales reaching $2,059 million, up from $1,683 million in Q1 2020. The net earnings attributable to the company were $179 million, compared to a loss of $103 million the previous year. Earnings per share for Q1 2021 stood at $154.03, a significant recovery from ($88.73). The Board declared a quarterly cash dividend of $2.25, payable on May 24, 2021. The report highlights improved performance, particularly in investment income, with $71 million noted compared to a loss of ($225 million) in the prior year.
Seaboard Corporation reported its earnings for the year ended December 31, 2020. The company achieved net sales of $1,990 million for Q4 2020, up from $1,812 million in Q4 2019. Annual net sales were $7,126 million compared to $6,840 million in 2019. Net earnings attributable to Seaboard rose to $259 million in Q4 2020, compared to $173 million for the same period last year. EPS increased to $222.52 from $148.75. The Board of Directors declared a quarterly dividend of $2.25 per share, payable on March 8, 2021.
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